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Cholesterol is carried in the blood attached to proteins called lipoproteins. Low-density lipoprotein cholesterol (LDL-C) is considered the “bad” cholesterol because it contributes to plaque, a thick, hard deposit that can clog arteries and make them less flexible.

Shares of Esperion Therapeutics, Inc. (Nasdaq:ESPR) soared to touch a new 52-week high in intraday trading Monday after the company said that the U.S. Food and Drug Administration (FDA) recently confirmed that its LDL-C lowering program is adequate to support approval of an LDL-C lowering indication for bempedoic acid.

Analysts at Credit Suisse upgraded the company's stock from an Underperform to a Neutral rating, following the announcement.

With a targeted mechanism of action, Esperion's bempedoic acid is a first-in-class, orally available, once-daily ACL inhibitor that has been shown to reduce cholesterol biosynthesis and lower elevated levels of LDL-C by up-regulating the LDL receptor, but may potentially reduce the occurrence of muscle-related side effects.

ESPR stock is trading at $38.99, up $15.32 (or +64.70%) and 17.52M of its shares changed hands so far.

Esperion Therapeutics is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C).

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